Categories AlphaGraphs, Earnings, Retail

Infographic: Kroger (KR) Q1 sales, earnings rise and beat estimates

Department store chain The Kroger Co. (NYSE: KR)  reported strong growth in first-quarter sales and earnings. The company also provided full-year guidance.

Kroger Q1 2022 earnings infographic

Net earnings attributable to the company, on an adjusted basis, increased to $1.45 per share in the April quarter from $1.19 per share a year earlier, surpassing the consensus estimates. First-quarter unadjusted profit rose to $664 million or $0.90 per share from $140 million or $0.18 per share in the same period of last year.

The bottom-line growth was driven by an 8% increase in net sales to $44.6 billion. Analysts had predicted a slightly slower growth. The company also provided guidance for the full fiscal year.

Check this space to read management/analysts’ comments on Kroger’s Q1 2022 earnings

“Looking ahead, we are well-positioned to continue delivering for our customers, investing in our associates, and driving sustainable returns for shareholders,” said Kroger’s CEO Rodney McMullen.

Prior Performance

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Stock Watch: AutoZone (AZO) stays on the fast track despite cost pressures

AutoZone, Inc. (NYSE: AZO) is a much sought-after automotive parts retailer among do-it-yourself customers, especially after the virus-related movement restrictions forced people to stay indoors. The company’s stock has remained

Stock Watch: Intuitive Surgical (ISRG) remains a good bet despite slowdown

Intuitive Surgical, Inc. (NASDAQ: ISRG) is a market leader in the manufacturing and distribution of robotics-assisted surgical systems. The company’s products, designed for minimally invasive surgery, help healthcare professionals conduct procedures

WBA Stock: Why you should add Walgreens Boots to your watchlist

Drugstore chain Walgreens Boots Alliance, Inc. (NASDAQ: WBA) witnessed a spike in customer traffic in the last couple of years due to the vaccination drive and the high demand for

Add Comment
Viewing Highlight